An AU$120 million (US$81.34 million) government funding round has opened in Australia for community battery energy storage projects.

The Australian market for residential battery storage grew by an estimated 55% in 2022 from the previous year, according to SunWiz.

Green Investment Group (GIG) and Shell Energy have announced a 200MW/400MWh battery storage project in Victoria, Australia.

National science agency CSIRO has said Australia needs multiple energy storage technologies at massive scale to achieve its transition.

Battery storage projects at least 1GWh of capacity have been proposed or progressed in Australia by companies Synergy, SkyLab and the Queensland government.

The European Commission has cleared an investment by Canadian pension fund BCI into Eku Energy, a new utility-scale BESS platform launched by Macquarie last year.

Australian Vanadium has secured a site and progressed the design and development of a flow battery electrolyte facility in Western Australia.

Utility Zen Energy has acquired a large-scale 2.5 hour battery storage project from developer and IPP RES in Australia, expected to be online by the end of next year.

The Premier of Queensland announced a major transmission line project to unlock 6GW of renewable energy, enabling the Australian state to create a homegrown clean energy value chain.

Infradebt has made the first close of a fund dedicated to investing in large-scale battery storage projects around Australia.